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File photo of the Argium head office in Calgary.
File photo of the Argium head office in Calgary.
(Jeff McIntosh/The Canadian Press)

Agrium eyes asset sale as new CEO narrows focus

Agrium Inc.’s last chief executive officer loved to buy. The new CEO is open to selling assets – and one that could end up on the market is the fertilizer company’s phosphate production operation.

In his first months on the job, Chuck Magro has made a point of saying his main priority is to “optimize” the businesses that his very acquisitive predecessor, Mike Wilson, made in his 10 years in the role.